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Oil and Gas Imperatives: Direct Foreign Investment, Local Content Policy and Governmental Transparency

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By Wilberne Persaud - OilNOW Growing up in British Guiana, I marveled at Dutch engineering genius. They created the seawall, amazing below-sea-level coastal water and drainage systems. Georgetown was scenic and serene, at the time considered the Caribbean’s Garden City....
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Guyana must accept it has crucial skills shortage for oil sector; temper local content expectations – Greenidge

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The reality facing Guyana, the world’s most envied deepwater exploration hotspot, is that it suffers from a crucial shortage of skills required for the oil sector. It must therefore temper its expectations as it seeks to lay down the...
News

Local content to remain at forefront of agenda, says newly elected GCCI President Timothy Tucker

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The newly elected Council of the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana held its first Statutory Council Meeting on Tuesday and elected a new Executive Management Committee (EMC) for the year 2021/2022. This saw former Vice...
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Local content commission could ensure Guyanese are not being hoodwinked – Timothy Tucker

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Senior member of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker says several of the factors that constitute what a local business is should be strengthened in the context of Guyana’s revised draft local content policy and...
Opinions

Local content and immigration in Guyana

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By Steven Jasmin - OilNOW Over the past 4 years Guyana has worked hard to iterate and develop a local content strategy and policy that strikes the balance of helping and protecting the Guyanese population, while simultaneously encouraging growth. As it...
News

Local content consultations wrap up with participation from over 180 agencies, firms

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The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on the revised draft Local Content Policy (LCP). MNR said this policy initiative responds to commitments made...
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Final Local Content Policy must ensure Guyanese are valid partners not mere “window dressing”- GCCI Senior VP

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Even though it regards the current revised draft Local Content Policy as a vast improvement over the previous version, the Georgetown Chamber of Commerce and Industry (GCCI), one of the key groups representing business in Guyana, still believes there...
News

Strategic consultations on local content advancing, feedback on key areas received

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Intense engagements with oil and gas companies in Guyana and other stakeholders in recent weeks have seen feedback on specific areas of enhance business development being received by the Ministry of Natural Resources. “The consultations are evolving with both stakeholders...
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Guyanese taxpayers will have to foot the bill for any inefficiencies triggered by local content rules – Floyd Haynes

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Forcing oil and gas companies to utilise local firms that do not yet possess the necessary skills and capacity will cost Guyana in the long run. Professor and Member of the country’s Local Content Panel, Floyd Haynes, recently shared...
News

Major local content milestone for Guyana as FPSO fabrication work being done in country

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Guyanese company, Industrial Fabrications Inc. (InFab), is one of two companies that were awarded contracts from SBM Offshore in Guyana to provide fabrication services for the Prosperity Floating Production Storage and Offloading (FPSO) vessel that is being built for...
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Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially...

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